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    Guidance issued for banks, finance companies on application of IFRS9

    Guidance issued for banks, finance companies on application of IFRS9

    05 Apr 2020

    The Central Bank of the UAE , the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial...

    SCCI calls on property owners to reschedule rental payments

    SCCI calls on property owners to reschedule rental payments

    05 Apr 2020

    The Representative Committee of the Real Estate Sector Business Group of the Sharjah Chamber of Commerce & Industry, (SCCI), has called on the property owners in the Emirate of Sharjah...

    Dubai fines 14 merchants for hiking prices of face masks

    Dubai fines 14 merchants for hiking prices of face masks

    05 Apr 2020

    Dubai Economy has imposed fines on 14 merchants for inflating the prices of face masks to exploit the rise in demand for hygiene essentials following the nationwide alert against...

    Kizad signs deal with Indian firm

    Kizad signs deal with Indian firm

    05 Apr 2020

    Business Bureau, Gulf Today Shrinath Flexipack, India’s leading manufacturer of plastic packaging materials has finalised an agreement to build its first factory in the Middle East at Kizad. The investment...

    India’s foreign exchange reserves rise by $5.65 billion

    India’s foreign exchange reserves rise by $5.65 billion

    05 Apr 2020

    India’s foreign exchange reserves rose by $5.65 billion during the week ended March 27. According to the RBI’s weekly statistical supplement, the overall forex reserves increased to $475.56 billion from...

    Unified system for licensing customs inspection profession

    Unified system for licensing customs inspection profession

    04 Apr 2020

    Federal Customs Authority (FCA) has issued the first unified system for licensing the Customs Inspection Profession in the United Arab Emirates, to develop the customs inspection system in the state,...

    AGS and PHSF in partnership to drive sustainable development

    AGS and PHSF in partnership to drive sustainable development

    04 Apr 2020

    Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan, Founder and CEO of Alliances for Global Sustainability (AGS) and Pure Harvest Smart Farms (PHSF), a leading tech-enabled agribusiness, has announced that...

    Investors engaged in privatisation plan in Pakistan

    Investors engaged in privatisation plan in Pakistan

    04 Apr 2020

    Privatisation Commission (PC) team in Pakistan, under the leadership of Federal Minister /Chairman Muhammadmian Soomro continues to keep foreign investors engaged in the government’s plan of privatisation. According to a...

    Moody’s changes outlook for Indian banking to ‘negative’

    Moody’s changes outlook for Indian banking to ‘negative’

    04 Apr 2020

    Moody’s Investor Service changed the outlook for the Indian banking system to negative as stress on the sector is likely to rise with the coronavirus outbreak and higher defaults. The...

    US companies seek coronavirus fund as bailout plan unfolds

    US companies seek coronavirus fund as bailout plan unfolds

    04 Apr 2020

    US businesses are seeking coronavirus bailout fund after days of confusion prevailing in the disbursement. The desperate owners of tens of thousands of companies - many shuttered for weeks due...

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